36 WCT HOLDINGS BERHAD
SUSTAINABILITY STATEMENT
ABOUT THIS STATEMENT
INTRODUCTION
8$5)PMEJOHT#FSIBE i8$5wPSUIFi(SPVQw QSFTFOUTJUT4VTUBJOBCJMJUZ4UBUFNFOU i44w GPSUIFmOBODJBMZFBSFOEFE%FDFNCFS i’:w
SS2022 provides a comprehensive BDDPVOU PG8$5T POHPJOH TVTUBJOBCJMJUZ KPVSOFZ GPS PVS TUBLFIPMEFST o detailing the Group’s continued progress in improving its sustainability performance.
Disclosures provided in the SS2022 encompass economic, environmental and social information that can be utilised by various stakeholders including those making financial decisions about WCT. Information regarding the governance of WCT can be found in the Corporate Governance section of the Annual Report. In combination, the information will adequately BEESFTT FOWJSPONFOUBM FDPOPNJD BOE HPWFSOBODF i&4(w EBUB needed by stakeholders wanting to make investment or lending decisions on WCT based on its ability to create short, medium and long-term value.
WCT’s SS2022 aims to also provide readers with information on our contribution to the achievement of United Nations Sustainable %FWFMPQNFOU(PBMT i6/4%(Tw CFMPX
Specific information on WCT’s strategic efforts in realising sustainability outcomes that correspond to these UN SDGs is provided in the Aligning with the UN SDGs section.
MANAGING RISKS, CREATING OPPORTUNITIES IN SUSTAINABILITY
The focus on sustainability is also driven by the continued emergence of various sustainability risks and opportunities e.g., stricter regulations PO HSFFOIPVTF HBT ()( FNJTTJPOT IFJHIUFOFE DVTUPNFS FYQFDUBUJPOT GPS NPSF SFTQPOTJCMF EFWFMPQNFOUT, supply chain disruptions, worker rights. Hence, WCT’s ongoing sustainability efforts are also aimed at reducing and mitigating these risks that are prevalent based on the Group’s business operations comprising engineering and construction, property development, and property investment and management.
Through a committed and strategic focus on material sustainability topics, WCT aims to enable effective mitigation and prevention against risks and to strengthen the business model towards ensuring resilience against emerging issues such as climate change, supply chain disruptions and others.
‘PS B NPSF DPNQSFIFOTJWF QFSTQFDUJWF PG8$5T business performance and value creation strategies, readers are advised to read SS2022 UPHFUIFS XJUI UIF 8$5 “OOVBM 3FQPSU i”3w OPUBCMZ UIF .BOBHFNFOU %JTDVTTJPO BOE “OBMZTJT XIJDI QSPWJEFT .BOBHFNFOUT account of the financial year of the Group’s business, operational and financial performance.
REPORTING FRAMEWORKS AND GUIDELINES REFERENCED
Information contained in SS2022 has been prepared by referring to the following reporting frameworks and guidelines:
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SUSTAINABILITY STATEMENT
cont’d
REPORTING SCOPE AND BOUNDARY
The scope of this statement covers the SFQPSUJOHQFSJPEGSPN+BOVBSZUP %FDFNCFSwith most statistics presented based on a three-year timeframe. WCT reports its sustainability performance on an annual basis. The QSFWJPVTTUBUFNFOUQVCMJTIFEXBTGPS’: 44
WCT’s disclosure in SS2022 is based on the disclosure requirements of the frameworks mentioned above, with disclosures covering the Group’s operations in Malaysia for the following business divisions:
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All subsidiaries that8$5IBTNBOBHFNFOUDPOUSPMPGJTJODMVEFEJO’:T reporting. The full list of projects and offices are provided as follows:
|
List of Projects and Offices |
Division |
Type |
|
Mass3BQJE5SBOTJU i.3574w ,VBMB-VNQVS |
Engineering and Construction |
Project Site |
|
.BMM,VBMB-VNQVS |
Engineering and Construction |
Project Site |
|
Pan Borneo Highway, Sarawak |
Engineering and Construction |
Project Site |
|
5VO3B[BL&YDIBOHF i539$w ,VBMB-VNQVS |
Engineering and Construction |
Project Site |
|
5IF&YDIBOHF5393FUBJM i5393FUBJMw ,VBMB-VNQVS |
Engineering and Construction |
Project Site |
|
5IF&YDIBOHF539)PUFMBOE0GmDF i539)PUFMBOE0GmDFw ,VBMB-VNQVS |
Engineering and Construction |
Project Site |
|
8FTU$PBTU&YQSFTTXBZ i8$&w 4FMBOHPS |
Engineering and Construction |
Project Site |
|
-JHIU3BJM5SBOTJU-JOF i-35(4(4w 4FMBOHPS |
Engineering and Construction |
Project Site |
|
Pavilion Damansara Heights, Kuala Lumpur |
Engineering and Construction |
Project Site |
|
Elevated Highway Project, Sprint Highway, Kuala Lumpur |
Engineering and Construction |
Project Site |
|
4BQBOHBS#BZ+FUUZ&YQBOTJPO i+FUUZ&YUFOTJPOw 4BCBI |
Engineering and Construction |
Project Site |
|
Sapangar Bay Container1PSU&YQBOTJPO i$POUBJOFS1PSUw 4BCBI |
Engineering and Construction |
Project Site |
|
Sultan Ismail Petra Airport, Kelantan |
Engineering and Construction |
Project Site |
|
WCT Machinery, Selangor |
Engineering and Construction |
Business Operations |
|
The Ascent, Selangor |
WCT Headquarters |
Office |
|
0OF.FEJOJ4EO#IE i0.4#w 4FMBOHPS |
Property Development |
Office |
|
(FNJMBOH8BSBT4EO#IE i(84#w 4FMBOHPS |
Property Development |
Office |
|
8$506(%FWFMPQNFOU4EO#IE i8$506(w ,VBMB-VNQVS |
Property Development |
Office |
|
-BCVS#JOB4EO#IE i-#4#w 4FMBOHPS |
Property Development |
Office |
|
W City JGCC, Johor |
Property Development |
Project Site |
|
W City OUG, Kuala Lumpur |
Property Development |
Project Site |
|
Aronia Apartment, Selangor |
Property Development |
Project Site |
|
Adenia Apartments, Selangor |
Property Development |
Project Site |
|
Paradigm+PIPS#BISV)PUFMBOE3FTJEFODFT i1BSBEJHN)PUFMBOE3FTJEFODFw +PIPS |
Property Development |
Project Site |
|
Pavilion Mont Kiara, Kuala Lumpur |
Property Development |
Project Site |
|
Parklands Gravity Sewerage, Selangor |
Property Development |
Project Site |
|
Paradigm Mall Petaling Jaya, Selangor |
Shopping Mall |
Business Operations |
|
Paradigm Mall Johor Bahru, Johor |
Shopping Mall |
Business Operations |
|
gateway@klia2, Selangor |
Shopping Mall |
Business Operations |
|
SkyPark Terminal, Selangor |
Shopping Mall |
Business Operations |
|
Le Méridien Petaling Jaya, Selangor |
Hotel |
Business Operations |
|
Première Hotel, Selangor |
Hotel |
Business Operations |
|
SkyPark Aviation, Selangor |
Business Aviation |
Business Operations |
38 WCT HOLDINGS BERHAD
SUSTAINABILITY STATEMENT
cont’d
Data and information provided in SS2022 has been internally sourced and collected from official Group records and documents. Collected data and results are based on recognised metrics andJOEVTUSZTUBOEBSETTVDIBTUIF(SFFOIPVTF(BT i()(w 1SPUPDPMBOE others.
We also ensure the GRI Reporting Principles has been applied in making our disclosures.
EXCLUSIONS AND LIMITATIONS
Outsourced operations and associate companies of which the Group does not have management control of are excluded unless otherwise mentioned.
WCT is cognisant that despite its best efforts, data for certain disclosures may be unavailable. Among the gaps identified are disclosures on the environmental and social performance of the Group’s supply chain. The Group is progressively strengthening its ongoing data collection, which includes supply chain information.
5PXBSETUIJTFOEJO’:, WCT has developed the necessary framework for effective supply chain engagement and data collection such as its Responsible Supply Chain Policy, Sustainable Procurement Policy, Supplier Code of Conduct, and WCT Material Use Policy. These efforts are expected to pave the way for a more systematic and effective supplier assessment regarding TPDJBM BOE FOWJSPONFOUBM JTTVFT JO ‘: BT well as data collection from the supply chain going forward. Such information will subsequently be disclosed in future sustainability reporting.
MEMBERSHIP IN ASSOCIATIONS
WCT is a member of the following industry associations, organised based on our various business segments. Regarding our Business Aviation segment, we have listed the relevant official authorities governing related operations.
Engineering and Construction
Ƈ $POTUSVDUJPO*OEVTUSZ%FWFMPQNFOU#PBSE $*%# WCTB, WCTC, 8$55434#,,#8$5+PJOU7FOUVSF 4#8$5CCCC JV
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- CIDB – Contractor’s Capacity & Capability Evaluation
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- Pusat Pendaftaran Kontraktor Kerja, Bekalan Dan Perkhidmatan Negeri Sabah – Kementerian
,FXBOHBO4BCBI 16,0/4″ o8$5$
- Sabah Trading License – WCTB, WCTC, WCT Machinery
- Sarawak Trading License – WCTB, WCTC, WCT
.BDIJOFSZ,,#8$5+PJOU7FOUVSF4#
-
National Institute of Occupational Safety and Health
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ASSURANCE
Property Development
- Construction Industry Development Board $*%#
-
Real Estate & Housing Developers’
“TTPDJBUJPO.BMBZTJB 3&)%”
Ƈ .BMBZTJBO&NQMPZFST’FEFSBUJPO .&’
Shopping Malls
-
Persatuan Pengurusan Kompleks Malaysia
11, BMTPLOPXOBT.BMBZTJB4IPQQJOH
Malls Association
Business Aviation Authorities
Ƈ $JWJM”WJBUJPO”VUIPSJUZPG.BMBZTJB $””. Ƈ .BMBZTJBO”WJBUJPO$PNNJTTJPO .”7$0. Ƈ .BMBZTJB”JSQPSUT)PMEJOHT#FSIBE .”)#
Hotels
-
Malaysian Association of
)PUFMT .”) 1SFNJÒSF
Hotel and Le Méridien Petaling Jaya -
Malaysian Association
PG)PUFM0XOFST .”)0
– Première Hotel and Le Méridien Petaling Jaya -
Association of Hotel
&NQMPZFST “)& -F
Méridien Petaling Jaya -
Malaysia Inbound Chinese Association
.*$” -F.ÏSJEJFO
Petaling Jaya -
Malaysian Employers
‘FEFSBUJPO .&’ -F
Méridien Petaling Jaya
WCT has undertaken independent auditing and assurance for financial data presented in this statement where the figures can be cross- SFGFSFODFEUPUIF’JOBODJBM3FQPSUPGUIFAR2022. The Group will look to undertake an internal assurance exercise of sustainability-related data GPS’:
SUSTAINABILITY STATEMENT
cont’d
FORWARD-LOOKING STATEMENTS
This report contains forward-looking statements such as targets, prospects, future plans and reasonable assumptions that were set in regard to expected or future performances, which are based on presently available data and information as well as current operating environment conditions. However, readers should be advised not to place undue reliance on such statements as our business is subject to risks and uncertainties that are beyond our control. Actual results may differ.
REPORT AVAILABILITY AND FEEDBACK
SS2022 is prepared as part of WCT’s Annual Report 2022, which can be downloaded from the Group’s website at https://www.wct.com.my/. The Group welcomes feedback, comments, and suggestions for improvement, which can be sent to the following:
Manager, Corporate Affairs,
Group Corporate Affairs,
WCT Holdings Berhad,
#
The Ascent, Paradigm,
/P+BMBO44″,FMBOB+BZB1FUBMJOH Jaya,
Selangor Darul Ehsan, Malaysia. 5FM Email : corporate.affairs@wct.my
MILESTONES AND SUSTAINABILITY JOURNEY
|
@ |
Commenced |
@ |
Enhanced year-on-year |
|
sustainability reporting |
data accuracy and |
||
|
guided by Bursa Malaysia |
disclosure |
||
|
& GRI standards |
@ |
Refinement of material |
|
|
@ |
Conducted first |
matters |
|
|
materiality assessment |
@ |
Sustainability awareness |
|
|
@ |
Developed year-on-year |
briefing to Board and |
|
|
data reporting format |
employees |
|
@ Established Board Risk and |
@ |
Established COVID-19 |
|
Sustainability Committee |
response and |
|
|
(BRSC) |
disclosure |
|
|
@ Strengthened data integrity and |
@ |
Refinement of reporting |
|
expanded scope of data tracking |
for investors and |
|
|
@ UNSDGs alignment based on |
analysts |
|
|
global standards of sustainability |
@ |
Developed ABAC Policy |
|
frameworks |
& SOP |
- Capacity building for suppliers on the established policies through briefing and sharing of best practices
- Commencement on assessment of sustainable procurement practices by suppliers
- Developed sustainability framework
- Established sustainability targets and initiatives
- Developed Responsible Supply Chain Policy, Sustainable Procurement Policy, Supplier Code of Conduct, and WCT Material Use Policy
- Established the Group Integrity Unit
- A refresh of materiality assessment
- Developing sustainability goals & strategies
- Formalised group-wide Stakeholder Engagement Policy
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